How much do homeowners pay a month in Inland Township, MI?
Homeowners with a mortgage in Inland Township, MI pay a median of $1,543 (±$89) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $534 (±$54).
71.3% of owned homes carry a mortgage.
In Inland Township, the median monthly cost with a mortgage went from $1,172 in 2015–2019 to $1,543 in 2020–2024 (+31.7%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- With a mortgage
- $1,543 (±$89)
- Without a mortgage
- $534 (±$54)
- Owned with a mortgage
- 71.3%
Monthly owner costs in Inland Township
| Inland Township | Benzie County | Michigan | United States | |
|---|---|---|---|---|
| With a mortgage | $1,543 (±$89) | $1,437 (±$48) | $1,569 (±$5) | $1,963 |
| Without a mortgage | $534 (±$54) | $554 (±$21) | $602 (±$3) | $638 |
| Owned homes with a mortgage | 71.3% (±5.4 points) | 56.8% (±2.3 points) | 57.8% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $2,192 (±$213) | $2,262 (±$101) | $2,904 (±$9) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In Inland Township, the median cost with a mortgage is higher than in Benzie County ($1,437).
It is not measurably different from Michigan ($1,569).
It is lower than the national figure ($1,963).
In Benzie County, Inland Township ranks 5 of 13 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 438 of 1,516.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Inland Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,172 (±$60) | $1,543 (±$89) | +31.7% | No measurable change after inflation |
| Median real estate taxes | $1,530 (±$150) | $2,192 (±$213) | +43.3% | Up after inflation |
| Median home value | $177,900 (±$13,959) | $263,800 (±$29,062) | +48.3% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near Inland Township
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Inland Township | — | $1,543 (±$89) | — |
| Homestead Township | 5.5 mi | $1,198 (±$150) | Lower |
| Green Lake Township | 5.7 mi | $1,307 (±$132) | Lower |
| Lake Ann | 5.9 mi | $1,784 (±$287) | Not measurably different |
| Colfax Township (Benzie County) | 6.2 mi | $1,234 (±$129) | Lower |
| Almira Township | 6.7 mi | $1,385 (±$82) | Lower |
| Grant Township (Grand Traverse County) | 7.5 mi | $1,573 (±$106) | Not measurably different |
| Honor | 7.6 mi | $967 (±$231) | Lower |
| Long Lake Township | 7.7 mi | $1,790 (±$93) | Higher |
Nearby places with a measurably lower figure: Homestead Township, MI ($1,198), Green Lake Township, MI ($1,307), Colfax Township (Benzie County), MI ($1,234).
Nearby places with a measurably higher figure: Long Lake Township, MI ($1,790).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Benzie County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 1 | Lake Township (Benzie County) | $1,928 (±$282) |
| 2 | Frankfort | $1,698 (±$99) |
| 3 | Benzonia Township | $1,669 (±$202) |
| 4 | Blaine Township | $1,615 (±$84) |
| 5 | Inland Township | $1,543 (±$89) |
| 6 | Weldon Township | $1,446 (±$139) |
| 7 | Gilmore Township (Benzie County) | $1,426 (±$172) |
| 8 | Crystal Lake Township | $1,412 (±$284) |
| 9 | Almira Township | $1,385 (±$82) |
| 10 | Platte Township | $1,359 (±$418) |
| 11 | Joyfield Township | $1,343 (±$137) |
Showing 11 of 13 places in Benzie County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Inland Township
What is the average mortgage payment in Inland Township?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Inland Township, MI is $1,543 (±$89) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Inland Township?
Owners without a mortgage in Inland Township pay a median of $534 (±$54) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Inland Township gone up?
In Inland Township, the median monthly cost with a mortgage went from $1,172 in 2015–2019 to $1,543 in 2020–2024 (+31.7%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Inland township, Benzie County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Inland township, Benzie County, Michigan
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Inland township, Benzie County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Inland township, Benzie County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Inland township, Benzie County, Michigan
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Inland township, Benzie County, Michigan (county subdivision:40700, in state:26 county:019).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Inland Township at a glance
- Renters and owners in Inland Township
- Income and affordability in Inland Township
- Home values in Inland Township
- Property taxes in Inland Township
- Types of homes in Inland Township
- Bedrooms in Inland Township
- Age of homes in Inland Township
- Heating fuel in Inland Township
- Commute and cars in Inland Township
- Population growth in Inland Township
- How long people stay in Inland Township
- Michigan landlord and tenant rules
- Housing across Benzie County
- Housing data for every place in Michigan